08 Sep E.I.’s Covid-19 Online Scheme – 2nd Call
The Department of Business, Enterprise and Innovation (DBEI) has opened a second call for retail businesses to apply for the Covid-19 Online Retail Scheme. The Scheme which was introduced back in April, granted 183 retail businesses an average of €35,000 each to elevate their online business.
The Scheme helps Irish-owned retailers to strategically establish a better online presence to increase sales, so they can be more competitive, sustain jobs and subsequently scale their businesses in both domestic and international markets.
The Department of Business, Enterprise and Innovation (DBEI) has proposed this Scheme in response to the Covid-19 crisis and the urgent need for retail companies to achieve a step change in online capability.
This is a Competitive Fund which will be administered by Enterprise Ireland on behalf of DBEI with a total fund size of €5.5m.
Applications for funding will be invited through a public Call for submission of projects.
- Call Open date: Monday 31st August 2020.
- Call Close date: Monday 28th September 2020 at 3pm.
The purpose of this fund is to enable Irish-owned retailers to enhance their digital capability and to develop a more competitive online offer, that will enable an increase in their customer base and build a more resilient business in the domestic and global marketplace both online and offline.
Successful applicants will be awarded funding to support a maximum of 80% of the project eligible costs with a maximum grant of €40,000.
Typical elements involved in developing a sophisticated and transactional online presence include research, consultancy costs for strategy development, implementation and training.
Who can apply?
The applicant must be an Irish-owned retail enterprise that had 10 or more employees on or before 29 February 2020 and has the potential to sustain or create jobs, generate growth in online transactions and with an ambition to internationalise their business in future. An application must be submitted in the name of a company registered with the Companies Registration Office and incorporated in the Republic of Ireland at the time of application. The business must also:
- have an existing online presence (e.g. website or social media);
- have a retail store and derive the majority of company revenue from retailing products directly to individual consumers on or before 29 February 2020. Where a company provides both products and services, the applicant must provide a breakdown of sales revenue showing that products account for more than 50% of total revenue for a recent trading period;
- must operate a business-to-consumer (B2C) model. Where a company has a mixture of B2C and B2B operations, the applicant must provide a breakdown of sales revenue showing that sales from B2C activities account for more than 50% of total revenue for a recent trading period;
- must employ at least 10 employees in the Republic of Ireland (on a full-time equivalent basis on or before 29 February 2020);
- previous applicants of the Online Retail Scheme who were unsuccessful will be eligible to re-apply with a modified proposal under this Call. Successful applicants in previous calls are eligible to re-apply under this call, once they have fully completed the project previously approved, fully claimed all eligible costs before this call close date and propose a clearly different project to that undertaken under previous calls.
How can we help?
If you have an Electronic Point of Sale & Stock Management system such as Meridian, we can help you integrate this with an online Shopping platform, such as Shopify. Once set up, the two systems will be fully integrated, so you can transact both online and offline – offering a truly omni-channel experience for your customers. And because they will be fully integrated, any transactions completed on either platform will be fully recorded and manged, ensuring you are fully in control at all times. Want to know more? Call us today on +353 1 429 6800 or email firstname.lastname@example.org